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China Petroleum & Chemical Corporation 600028.SS

CN · Shanghai Stock Exchange · XSHG · stock · Energy · website

China Petroleum & Chemical Corporation statistics & valuation

Market capCN¥691.5B
P / E21.3×
P / S0.2×
P / B0.8×
P / FCF24.0×
Net margin1.2%
FCF margin1.0%
Net debtCN¥450.0B
Enterprise value USD$150.8B
Earnings yield EBIT/EV4.6%
Return on capital3.6%
Graham number +25.1%CN¥7.17

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (CN¥7.17); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.00% 1.80% 1.60% 1.20% 2022202320242025
Gross margin (%)
15.70% 16.40% 16.40% 16.80% 2022202320242025
Operating margin (%)
2.90% 2.70% 2.30% 1.90% 2022202320242025
Return on equity (%)
8.50% 7.30% 6.00% 3.90% 2022202320242025
Shares outstanding
97.04B 97.04B 97.04B 97.04B 2022202320242025
Net debt (CN¥)
CN¥263.26B CN¥318.47B CN¥384.40B CN¥449.95B 2022202320242025
Share buybacks (CN¥)
CN¥4.18B CN¥2.33B CN¥2.13B CN¥1.55B 2022202320242025
Return on assets (%)
3.40% 2.90% 2.40% 1.50% 2022202320242025
Free cash flow margin (%)
-1.70% -0.30% 0.30% 1.00% 2022202320242025
Debt / equity (×)
0.45× 0.55× 0.58× 0.64× 2022202320242025
EPS (CN¥)
CN¥0.55 CN¥0.49 CN¥0.40 CN¥0.27 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

China Petroleum & Chemical Corporation trades at about 21.4× earnings — above its 10-year norm (10-year range 8.3×–24.3×, median 15×).

8.3× 24.3×

Shaded band = 10-year range (8.3×–24.3×); dot = today's 21.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin16.8%16.4%16.4%15.7%
Operating margin1.9%2.3%2.7%2.9%
Net margin1.2%1.6%1.8%2.0%
FCF margin1.0%0.3%-0.3%-1.7%
Return on assets1.5%2.4%2.9%3.4%
Return on equity3.9%6.0%7.3%8.5%
Debt / equity0.28×0.26×0.23×0.14×
Current ratio0.750.780.830.78

Computed from company filings · CN · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.